Cash out refinance turned down

My business partner and I purchased a two-family rental property using seller financing last year. We are in an LLC and it’s a 50/50 split. I planned on getting a cash-out refinance but was turned down since we had a 50/50 partnership. I was told that one of the partners should have 51% ownership for a refinance to get approved. Is this accurate? What are our options? by mfburgo437 from Delaware City, Delaware. Nov 25th 2021 Reply